East Africa Metals (CVE:EAM) Stock Price Down 10% – Here’s What Happened

Shares of East Africa Metals Inc. (CVE:EAM) fell 10% during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. 147,250 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 75,301 shares. The stock had previously closed at C$0.10.

East Africa Metals Stock Down 5.0%

The company has a market cap of C$25.55 million, a PE ratio of -9.50 and a beta of 0.79. The business’s 50 day moving average is C$0.11 and its 200-day moving average is C$0.12. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.05 and a quick ratio of 0.26.

About East Africa Metals

East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits. Its principal assets and interests include a 70% interest in the Harvest property, as well as 100% interest in the Adyabo project that comprises two exploration licenses covering 195 square kilometers situated in the Arabian Nubian Shield in northern Ethiopia; and an interest in the Handeni property comprising two mining licenses covering 9.9 square kilometers, and contiguous mineral tenures totaling approximately 83.5 square kilometers located in northeastern Tanzania.